India Inc keen on investing in Kashmir

India Inc keen on investing in Kashmir

Corporate magnate Ratan Tata on Friday said that Congress general secretary, Rahul Gandhi had opened a door for investments in Jammu and Kashmir.

"Rahul Gandhi has opened not only a window but a door for Indian Inc to invest in Jammu and Kashmir," Tata Group Chairman, Ratan Tata said while speaking at a high level interaction session organized between the entrepreneurs of Jammu and Kashmir and the big industrial houses of the country.

He said India Inc is keen to invest in the state and play its role in its development.

India Inc keen on investing in Kashmir

Batting for closer coordination between big industrial houses of the country and entrepreneurs of the state to venture jointly in the industrial and trade sectors, state chief minister, Omar Abdullah and Congress general secretary, Rahul Gandhi said that Jammu and Kashmir has a rich potential for area specific industrialization, adding that investors have greater opportunities to invest in the state.

India Inc keen on investing in Kashmir

They said hydro power generation, agriculture and allied sectors, software engineering, horticulture, food processing, handicrafts and handlooms are sectors offering greater promises to the industrialists.

According to an official statement, the local entrepreneurs and the visiting industrialists had comprehensive and wide-ranging discussion on launch of joint, independent and PPP mode projects in the state particularly in Kashmir Valley.

India Inc keen on investing in Kashmir

The statement said visiting industrialists showed keen interest in investing in the state and underlined the capacity of local entrepreneurs to participate jointly with India Inc for launching projects in feasible areas.

They appreciated the endeavour of chief minister, Omar Abdullah for providing conducive conditions for outside investors in the state.

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Image: Rahul Gandhi with the business delegation.Photographs: Umar Ganie/Rediff.com.

India Inc keen on investing in Kashmir

"We would like to invest here", they said and added that 'all possibilities would be explored for investing in various areas in the Valley in collaboration with the state government and local entrepreneurs'.

They lauded the efforts of chief minister for encouraging industrial houses of the country to launch projects in the state.

"You have opened new vistas for us to launch projects in the state", they told chief minister, according to an official statement.